Children’s apparel retailer Gymboree seemed to expand into regional mall during its heyday – now, as part of its bankruptcy, it’s contracting.
The San Francisco-based company announced when it filed for Chapter 11 bankruptcy in June that it would close about 350 stores as it pursued restructuring.
This week, company officials made it official with an announcement that detailed which ones would be shuttered.
Gymboree operated about 1,280 locations before the filing. It also owns the Janie and Jack and Crazy 8 brands, and has more than 11,000 employees, according to bankruptcy documents. Most of the store closings will be Gymboree and Crazy 8 locations.
The closing list includes 9 Gymboree stores in Michigan, ranging from an outlet mall to the state’s top-producing shopping center. In between are a variety of locations that mostly are found on the east side of the state.
“This was a difficult decision to make, but we are confident that it is in the best long-term interest of our Company, our customers and our broader employee base,” CEO Daniel Griesemer said in a statement.
Michigan Gymboree stores that will close:
- Fairlane Town Center…